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TRXUSDT Approaching Key ResistanceTRX has shown impressive strength, gradually increasing by approximately 260% over the past two years. The price has steadily climbed from its lows, forming a strong uptrend, and is now nearing a critical resistance zone at its previous all-time high (ATH). If TRX manages to break above this key resistance, it could signal a bullish continuation, opening the path for further upward momentum. A successful breakout would likely attract additional buying interest, potentially leading TRX to explore new highs. Regards Hexa
Long
by HexaTrades
2
TRON Partners With Chainlink to Strengthen Its DeFi EcosystemTRON ( AMEX:TRX ) has made a strategic move by joining forces with Chainlink SCALE, effectively making Chainlink Data Feeds the official oracle provider for TRON’s decentralized finance (DeFi) ecosystem. This collaboration marks a significant upgrade to TRON’s blockchain infrastructure, introducing high-quality and decentralized oracle solutions to TRON’s $6.5 billion total value locked (TVL) in DeFi. TRON DAO Partners with Chainlink SCALE In a strategic shift, TRON DAO recently announced its partnership with Chainlink, one of the most recognized decentralized computing platforms globally. The integration enables TRON to harness Chainlink’s industry-leading oracles, which will replace WINkLink as the primary oracle solution for TRON's ecosystem. With Chainlink Data Feeds securing more than $6.5 billion in TVL within TRON’s DeFi applications—such as JustLend and JustStable—the partnership promises to enhance security, precision, and reliability in TRON’s DeFi sector. According to TRON’s founder, Justin Sun, joining Chainlink SCALE will ensure that TRON’s DeFi environment has dependable data, a foundational necessity for the expansion of DeFi applications on the network. This new system allows developers on TRON to access high-quality pricing and market data, contributing to a more robust and scalable decentralized economy. Driving the Next Generation of DeFi on TRON The adoption of Chainlink Data Feeds on TRON means more than just a technical upgrade. It represents a pathway to expand TRON’s ecosystem while offering enhanced stability, increased scalability, and reduced operational costs for early-stage DeFi applications. Chainlink SCALE introduces a model where TRON initially covers certain gas fees for using Chainlink’s oracles, fostering DeFi growth until the ecosystem matures and user fees can sustain these costs independently. Thodoris Karakostas, head of blockchain partnerships at Chainlink Labs, voiced his enthusiasm, noting that Chainlink’s high security and reliable on-chain market data provide TRON developers with the tools needed to create the next generation of DeFi applications. This integration, he emphasized, will bolster TRON’s foundation for a decentralized internet—a vision at the core of TRON DAO’s mission. TRON’s Commitment to Growth and Innovation In addition to the Chainlink partnership, Justin Sun recently commented on TRON's growing ecosystem and the anticipated rise of memecoins on the platform. He highlighted the community’s role in supporting these developments and expressed confidence in a new growth phase if AMEX:TRX surpasses its previous peak, potentially triggering a wave of FOMO-driven interest in TRON’s DeFi and memecoin markets. This commitment to innovation signals a brighter future for TRON as a hub of decentralized finance, and Chainlink’s proven track record in supporting high-volume transactions and delivering reliable data positions TRON advantageously. Technical Analysis Currently, AMEX:TRX is trading within an overbought channel with an RSI of 77, reflecting its strong demand following the Chainlink partnership announcement. This movement aligns with previous trends observed in AMEX:TRX ’s price behavior, where periods of bearish momentum were often followed by bullish reversals. This pattern indicates TRX’s resilience and suggests potential for sustained price growth, especially with heightened interest from institutional investors and developers exploring TRON’s DeFi space. From a technical standpoint, AMEX:TRX offers a relatively stable investment opportunity, appealing to traders looking for a balance between growth and moderate risk. The blockchain’s notable transaction speed and scalability, combined with its new oracle integration, are factors that solidify its position as one of the most secure and reliable assets within the DeFi landscape. The Strategic Implications for Investors With Chainlink Data Feeds now part of TRON’s foundational infrastructure, the TRON network is positioned to enhance its appeal for DeFi developers and investors alike. The partnership not only promises to make TRON’s DeFi ecosystem more resilient and scalable but also strengthens its ecosystem’s security—vital as TRON seeks to decentralize the internet through blockchain technology and decentralized applications (dApps). The long-term implications are clear: TRON’s partnership with Chainlink represents a new era for its DeFi ecosystem. As the TRON DAO continues to expand, AMEX:TRX stands poised to benefit from increased market confidence and user adoption. For investors, this development presents an attractive opportunity to capitalize on TRON’s expanding ecosystem and DeFi potential. In summary, the TRON-Chainlink collaboration marks a transformative milestone in TRON’s roadmap. With enhanced infrastructure, reduced operational costs, and a renewed commitment to scalability, AMEX:TRX solidifies its role as a key player in the decentralized finance sector. For investors, TRON’s commitment to innovation and growth signals a robust opportunity, particularly in the evolving DeFi space.
Long
by DEXWireNews
2
TRXUSD: Cup and Handle buy signalTron is technically overbought on its 1D outlook (RSI = 69.926, MACD = 0.003, ADX = 23.630) but is far from topping on its 2 year Channel Up. The 1W RSI is at a level where previously three times it made short term consolidations in the form of Cup and Handle patterns, rise to at least the 1.5 Fibonacci extension. The last one even hit the 2.5 Fib and that's what we're aiming for now (TP = 0.2000) as it is the closest to the Channel Up top. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:TRXUSDLong
by InvestingScope
[C&H] TRON is creating base for move up higherKRAKEN:TRXUSD seem to have broken out of a cup and handle pattern and in process of retest/consolidation. It might retest the breakout zone around 0.143 before a move up higher. Note that all time highest close (higher green line) would likely act as resistance but if we manage to break past it then we should see 0.41 levels as per the height of C&H pattern. From Elliott wave perspective though, it looks much more bullish with a potential target of 1.12 in medium term. Will share the counts in a separate post.
KRAKEN:TRXUSDLong
by YetAnotherTA
3
Justin Sun’s Vision and the Growth of Tron’s Memecoin EcosystemJustin Sun, the visionary behind Tron, is sparking fresh excitement in the memecoin arena with his strategic moves and groundbreaking developments on the network. With the recent launch of SunPump, a platform designed to bolster memecoin creation on Tron, Sun is preparing for a “second wave” of memecoin growth, backed by continuous development, strategic community involvement, and robust ethical standards. A New Era for Tron’s Memecoins Sun believes the next growth cycle for Tron’s memecoins is imminent. He’s actively promoting a community-driven approach, which he feels is key to sparking fresh investment and driving adoption. The memecoin wave aligns with the overall growth of Tron’s native token, AMEX:TRX , which experienced a 24% boost in market capitalization in Q3 2024 alone—from $11 billion to $13.5 billion. Tron’s commitment to memecoin culture is part of a larger push to position AMEX:TRX among the top 10 cryptocurrencies, where it currently stands close behind giants like XRP and Dogecoin. Technical Outlook: TRX’s Rising Deflationary Mechanism One significant factor driving TRX’s recent performance is its robust deflationary model. With a capped total supply of 100 billion tokens, TRX's circulating supply dropped from 87.2 billion to 86.62 billion in Q3, thanks to an intensified burn schedule that increased its annual deflation rate to -2.7% from -2.4%. This steady reduction in circulating supply is a powerful mechanism that can potentially support higher valuations by restricting token availability. In August alone, Tron ( AMEX:TRX ) witnessed its largest-ever single-day burn on the SunPump platform, where 270 million AMEX:TRX tokens, valued at $42 million, were removed from circulation. This burn policy has helped sustain positive price momentum for AMEX:TRX , contributing to a 1.83% increase, currently hovering at $0.17. TRX’s pairing with BTC has also gained traction, with a notable 25% increase driven by the popularity of SunPump and heightened USDT transactions on the Tron network. SunPump’s Impact on the Tron Ecosystem SunPump’s launch marks a bold step into the world of memecoins, with SunPump acting as both a “meme fair” and a streamlined platform for creating new meme tokens on Tron’s blockchain. This initiative aims to simplify the process of memecoin creation, making it accessible to developers and investors who wish to engage with this growing market sector. SunPump has already made a splash, inspiring tokens like $SUNDOG and $TRONBULL, which rapidly gained popularity and captured the attention of the wider crypto community. Ethical Guidelines for AI Memecoins In a nod to Asimov’s Three Laws of Robotics, Sun has crafted “The Asimov Three Laws of AI Meme Coin Ethics” to ensure a fair and ethical framework for AI-driven memecoin projects on Tron. These rules emphasize that AI should avoid self-serving activities, prioritize human interests, and maintain the integrity of its own projects without harming others. Sun’s adaptation of Asimov’s principles for AI highlights Tron’s dedication to responsible innovation within the memecoin space, promoting a sustainable approach for this rapidly growing digital landscape. Technical Indicators The technical analysis for AMEX:TRX shows an optimistic outlook as the token attempts to break out of a short-term falling wedge pattern, a typically bullish indicator. Currently, AMEX:TRX has an RSI of 66, which places it in a favorable position to sustain upward momentum as it consolidates at a key support level. With Total Value Locked (TVL) in Tron reaching $7.164 billion and stablecoins pegged to the Tron network boasting a market cap of $60.34 billion, the Tron ecosystem is well-capitalized and primed for future growth. Conclusion As Tron cements its role in the memecoin space with SunPump, it has positioned itself as a blockchain with both strong technical fundamentals and a vibrant community. With TRX showing consistent growth, driven by strategic deflationary measures and a surging TVL, Tron’s prospects for continued expansion in the memecoin market look bright. Sun’s ethical guidelines for AI-driven memecoins also underscore Tron’s commitment to innovation with responsibility, making Tron a pioneering force in the memecoin space poised for the next wave of growth.
Long
by DEXWireNews
TRX, the UPSHIFT has started, the whole CRYPTO will SURGE!AMEX:TRX DO YOU SEE WHAT I SEE? MASSIVE ALERT! When TRX reverses to the upside, It means the whole crypto market is preppin to move with it. USDT inflows will pick up pace signaling a buying spree event. Expect more than average upside momentum from this point onwards. Historically, this signal never misses. TRX moves first in advance, then the market gets moving after a while. Just like January 25, 2024 (BTC from 38k to 73k journey), TRX started ascending, then the market gets wild after a few days. Get ready. TAYOR
Long
by JSAL
4
TRXUSD Buy opportunity below the 1D MA50.Tron (TRXUSD) has been trading within a Channel Up pattern since the November 14 2022 bottom. The price is now pulling back from the latest Higher High but remains above the 1D MA50 (blue trend-line). This pattern indicates that after roughly every 55% - 65% rise, the price makes a pull-back and upon breaking below the 1D MA50, a buy signal emerges again. Wait until that and buy for the next Higher High. Our Target is 0.2100. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:TRXUSDLong
by TradingShot
2
SUNCAT Triangle Ending, Going to $200M+ (Elliott Wave)SUNCAT is one of the blue chip memecoins on TRON, with a strong community, consistent volume, and stable price. It's currently sitting at around $10M market cap. From a wave perspective, SUNCAT has formed into a perfect Neowave contracting triangle. Wave-a is the largest and most violent wave Wave-b takes more time than wave-a and retraces more than 61.8% of wave-a Wave-c relates to waves a+b in time, and wave-a by ~61.8% in price Wave-d relates to waves b+c in time, and wave-b by ~61.8% in price Wave-e relates to waves (c+d)/2 in time, and wave-a by ~38.2% in price Channeling creates a clear contracting pattern Based on all these fibonacci price and time relations, and based on the longer-term chart it appears that we are ending this triangle now and preparing for a move towards at least $200M market cap assuming this next move up is similar in size to the last move up. If it is larger then it's possible that SUNCAT could go to SEED_TVCODER77_ETHBTCDATA:1B + market cap. Either way, it seems like SUNCAT will continue to be extremely profitable for holders in the near future.
Long
by Intuit
TRON's Wave 1 & 2 of current cycle over with. What Next?I believe that this cycle's wave 1 and its correction are done. Wave 2 being a shallow correction at Fib 0.236 gives us some clues as to what to expect next. Here's why I believe Wave 1 and its corrective wave 2 are past us and how wave 3 has already begun. RSI bearish divergence (usually happens between the tops of wave 3 & 5 price action) Correction to a significant fib level 0.236 RSI's significant correction and confluence at Fib .5 and RSI level 50. And yes you can definitely apply Elliott Wave theory to the RSI signal, which I rarely see being applied here on TV. It helps confirm not-so-obvious EW charts. So what do I expect to happen next? Either upcoming wave 3 or wave 5 will extend reasonably. I'm putting my money on wave 3 but won't rule out 5. The recent meme mania on TRON is shaping up quite nicely and could be the precusor of the extension and explosive price growth.
Long
by LockedAndLoaded
TRX (TRON): Overbought at ResistanceTrade setup: Price remains in an Uptrend. It bounced off of its long-term up trendline and 200-day MA, and resumed its uptrend. We removed it from our HOT list because it's overbought (RSI > 70) near $0.17 resistance, hence we're likely to see some profit taking near-term. We'd wait for a pullback. Nearest Fibonacci Retracement levels (possible support) are $0.16 (23.60%), $.15 (38.20%), and $0.14 (50%). Learn risk management in Lesson 9. Pattern: Price is Overbought at Resistance. This trading strategy finds assets that are overbought (RSI > 70) and are near a resistance area, which means there's a high probability that price will get rejected and pull back near-term. Overbought conditions are typically reached when RSI hits 70 or more. Learn this trading strategy in Lesson 5. Trend: Short-term trend is Strong Up, Medium-term trend is Strong Up and Long-term trend is Strong Up. Momentum is Bullish but inflecting. MACD Line is still above MACD Signal Line but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum could be nearing a downswing. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70). Support and Resistance: Nearest Support Zone is $0.14, then $0.128. Nearest Resistance Zone is $0.17, then $0.20.
Long
by altFINS
TRX (TRON): Overbought at ResistanceTrade setup : Price remains in an Uptrend. It bounced off of its long-term up trendline and 200-day MA, and resumed its uptrend. We removed it from our HOT list because it's overbought (RSI > 70) near $0.17 resistance, hence we're likely to see some profit taking near-term. We'd wait for a pullback. Nearest Fibonacci Retracement levels (possible support) are $0.16 (23.60%), $.15 (38.20%), and $0.14 (50%). Learn risk management in Lesson 9. Pattern : Price is Overbought at Resistance . This trading strategy finds assets that are overbought (RSI > 70) and are near a resistance area, which means there's a high probability that price will get rejected and pull back near-term. Overbought conditions are typically reached when RSI hits 70 or more. Learn this trading strategy in Lesson 5. Trend : Short-term trend is Strong Up, Medium-term trend is Strong Up and Long-term trend is Strong Up. Momentum is Bullish but inflecting. MACD Line is still above MACD Signal Line but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum could be nearing a downswing. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70). Support and Resistance : Nearest Support Zone is $0.14, then $0.128. Nearest Resistance Zone is $0.17, then $0.20.
Long
by altFINS
1
TRXUSDT🚨 Trading Signal Alert 🚨 Hello, traders! I’ve just updated my chart with a new set of indicators designed to identify key buying and selling opportunities. The vertical lines on the chart serve as clear signals: 🔴 Red Lines - Selling Phase: These lines indicate the beginning of a downward trend, suggesting it’s time to consider taking profits or shorting. Key dates for selling include: • September 5, 2024 • November 10, 2024 • December 20, 2024 • March 2, 2025 🟢 Green Lines - Buying Phase: These lines mark the start of an upward trend, signaling an ideal time to open long positions. Key dates for buying include: • October 2, 2024 • November 30, 2024 • January 6, 2025 This setup is based on a combination of trend analysis, momentum indicators, and predictive modeling. The goal is to help you make informed decisions by clearly visualizing the market’s potential turning points. Always remember to combine these signals with your own analysis and risk management strategies for optimal results.
by trushkovskiy
TRON’s $4 Billion Ambition: Justin Sun’s Bold Bet on Meme CoinsIn a move that could redefine the trajectory of the TRON network, Justin Sun, the founder and CEO of TRON ( BINANCE:TRXUSDT ), has forecasted an ambitious revenue target of $4 billion for the coming year. This projection, if realized, would be a landmark achievement for the blockchain platform, driven by a strategic pivot towards meme coins and adjustments to network fees. The $4 Billion Revenue Peak Justin Sun’s bold prediction isn’t just a number plucked out of thin air. The $4 billion target is rooted in a comprehensive strategy that leverages TRON’s strengths while embracing the growing influence of meme coins in the cryptocurrency market. Sun anticipates that $3 billion in revenue is a conservative estimate, with the potential to exceed $4 billion through network optimizations and community-driven initiatives. Sun has laid out a plan where $1 billion of this revenue will be ‘burned’—a practice that effectively reduces the supply of CRYPTOCAP:TRX , potentially increasing its value. The remaining $2 billion is earmarked for stakers and to cover transaction fees, creating a more attractive ecosystem for users and investors alike. The Meme Strategy: A New Frontier Central to Sun’s revenue forecast is TRON’s renewed focus on meme coins—a category of cryptocurrency that has gained significant traction in recent years. Sun believes that the community-driven nature of meme coins aligns well with the decentralized ethos of TRON ( BINANCE:TRXUSDT ), making it a strategic growth area. The launch of SunPump, a meme token launchpad on the TRON network, is a testament to this strategy. Despite being just 11 days old, SunPump has already generated over $1.1 million in sales, indicating strong market interest and potential for further growth. Network Adjustments: Lower Fees, Higher Capacity To support this ambitious growth, Sun has proposed lowering transaction fees and raising the energy limit on the TRON network. These adjustments are expected to increase daily transactions to over 20 million within three months, significantly boosting TRON’s market share. By increasing the network’s energy capacity, more TRX tokens will be staked, enabling free transfers and enhancing the network’s overall profitability. These measures are designed to make TRON a more attractive platform for developers and users, fostering long-term growth. TRON’s Integration with Dex Screener In addition to its meme coin strategy, TRON ( BINANCE:TRXUSDT ) has recently achieved a significant milestone with its integration into Dex Screener, a leading decentralized exchange tracking service. This listing is expected to enhance TRON’s visibility in the decentralized finance (DeFi) space, attracting more users and liquidity to the network. The integration with Dex Screener is seen as a critical step in TRON’s broader strategy to expand its ecosystem and capitalize on the growing DeFi market. Coupled with the recent minting of one billion USDT tokens on the TRON network by Tether, TRON’s liquidity and market presence are set to strengthen further. TRX Price Forecast: Bullish Trends with Caution As of the latest market analysis, CRYPTOCAP:TRX , the native cryptocurrency of the TRON network, is trading at $0.1572 down by 2.54%. Despite a minor correction, TRX is showing signs of a bullish trend, with the potential to reach $0.20 in the near term. If this momentum continues, CRYPTOCAP:TRX could even achieve a new all-time high of $0.50. However, the market is not without risks. In a bearish scenario, TRX could stabilize around $0.14, with the possibility of further declines to approximately $0.135 if negative trends persist. Conclusion: A High-Stakes Gamble Justin Sun’s $4 billion revenue forecast and strategic pivot towards meme coins represent a high-stakes gamble for TRON. While the potential rewards are significant, the path to success is fraught with challenges. However, with Sun’s track record of bold moves and the network’s growing ecosystem, TRON could very well be on the cusp of a new era of growth and innovation. As the crypto market continues to evolve, TRON’s ability to adapt and capitalize on emerging trends will determine whether Sun’s ambitious vision becomes a reality. For now, all eyes are on TRON as it navigates this exciting yet uncertain future.
Long
by DEXWireNews
2